Hallmark Capital Management Inc. Cuts Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Hallmark Capital Management Inc. decreased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 3.4% in the third quarter, the company said in its most recent Form 13F filing with the Securities and Exchange Commission . The company owned 44,472 shares of the sporting goods retailer after selling 1,551 shares during the period. Hallmark Capital Management Inc. owned approximately 0.06% of DICK’S Sporting Goods valued at $4,654,000 at the end of the most recent reporting period.

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A number of other hedge funds and other institutional investors have also recently bought and sold shares in the company. Renaissance Technologies LLC increased its ownership interest in DICK’S Sporting Goods stock by 1,226.2% during the second quarter. Renaissance Technologies LLC now owns 1,209,479 shares of the sporting goods retailer, valued at $91,158,000, after acquiring an additional 1,118,279 shares last quarter. AQR Capital Management LLC increased its position in DICK’S Sporting Goods by 155.1% during the second quarter. AQR Capital Management LLC now owns 636,689 shares of the sporting goods retailer valued at $47,446,000 after acquiring an additional 387,139 shares last quarter. Fiera Capital Corp increased its stake in DICK’S Sporting Goods by 43.5% in the second quarter. Fiera Capital Corp now owns 600,006 shares of the sporting goods retailer valued at $45,223,000 after purchasing an additional 181,836 shares during the period. Wells Fargo & Company MN added 7.4% to its position in DICK’S Sporting Goods in the second quarter. Wells Fargo & Company MN now owns 535,277 shares of the sporting goods retailer, valued at $40,344,000, after acquiring an additional 36,714 shares last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in DICK’S Sporting Goods by 14,621.4% during the second quarter. CIBC Private Wealth Group LLC now owns 523,934 shares of the sporting goods retailer, valued at $39,487,000, after purchasing an additional 520,375 shares during the period. 75.08% of the shares are owned by institutional investors and hedge funds.

Insider buying and selling

In other news from DICK’S Sporting Goods, SVP John Edward Hayes III sold 1,000 shares of the company’s stock in a transaction that took place on Friday, December 9th. The stock sold at an average price of $120.57 for a total transaction of $120,570.00. Upon closing of the transaction, the senior vice president now owns 26,231 shares of the company, valued at approximately $3,162,671.67. The transaction was disclosed in a legal filing with the SEC available at this hyperlink. Also on Friday, December 9, SVP John Edward Hayes III sold 1,000 shares of the company’s shares in a transaction. The shares sold at an average price of $120.57 for a total value of $120,570.00. Following the sale, the senior vice president now owns 26,231 shares of the company, valued at $3,162,671.67. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website. Also, on Wednesday, December 21, EVP Vladimir Rak sold 29,144 shares of the company in one transaction. The shares sold at an average price of $112.43 for a total transaction of $3,276,659.92. Upon closing of the transaction, the Executive Vice President now directly owns 48,260 shares of the Company, valued at approximately $5,425,871.80. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 39,283 shares of the company’s shares for $4,475,632. 32.83% of the shares are owned by company insiders.

DICK’S Sporting Goods Stock Performance

Shares of DKS rose $0.05 on Thursday to hit $132.03. 49,969 shares of hands traded compared to its average volume of 1,009,766. DICK’S Sporting Goods, Inc. has a 12-month low of $63.45 and a 12-month high of $138.43. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 11.65, a price-to-earnings ratio of 2.24 and a beta of 1.40. The company has a gearing ratio of 0.69, a current ratio of 1.81 and a quick ratio of 0.59. The stock’s 50-day moving average price is $122.34 and its 200-day moving average price is $113.43.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings data on Tuesday, November 22nd. The sporting goods retailer reported $2.60 EPS for the quarter, beating analysts’ consensus estimate of $2.24 by $0.36. The company had revenue of $2.96 billion in the quarter, compared to analyst estimates of $2.70 billion. DICK’S Sporting Goods had a return on equity of 52.43% and a net margin of 9.52%. Equity analysts are forecasting that DICK’S Sporting Goods, Inc. will post 11.96 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. A dividend of $0.488 per share was paid to investors of record on Friday, December 9th. That equates to an annual dividend of $1.95 and a yield of 1.48%. The ex-dividend date of this dividend was Thursday December 8th. The payout ratio of DICK’S Sporting Goods is currently 17.21%.

Analysts set new price targets

Several equity analysts have recently issued reports on the stock. Barclays raised its target price on DICK’S Sporting Goods stock to $140.00 from $125.00 and ranked the stock as “overweight” in a research note on Wednesday, November 23. Stifel Nicolaus raised his target price on shares of DICK’S Sporting Goods from $100.00 to $112.00 in a research report on Wednesday, November 23. Telsey Advisory Group has raised its target price on DICK’S Sporting Goods shares to $135.00 from $125.00 and gave the company an outperform rating in a report Wednesday, November 23. Wedbush raised its target price on DICK’S Sporting Goods to $140.00 from $130.00 and gave the stock an “outperform” rating in a report on Wednesday, November 23. Finally, Wells Fargo & Company raised its price target on DICK’S Sporting Goods from $103.00 to $120.00 in a research report on Wednesday, November 23. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.50.

DICK’S sporting goods profile

(received rating)

Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

Selected items

Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com for the latest 13F filings and insider trading for DICK’S Sporting Goods, Inc. (NYSE: DKS – Get Rating).

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